Donald Trump has indicated he will not support the 21st Century ROAD to Housing Act, a piece of legislation that contains provisions banning the use of a U.S. central bank digital currency (CBDC) until December 31, 2030. This stance sets up the possibility for the bill's passage into law without Trump's signature. The US CBDC ban is part of a broader housing bill aimed at addressing issues in the real estate market. The legislation also includes measures to increase mortgage insurance premiums and tighten lending standards. This development has significant implications for financial technology, as it could signal a shift towards more traditional banking methods rather than exploring digital currency alternatives. However, without Trump's signature, the CBDC ban will take effect regardless of his position on the matter. [1] [2]
Trump's Social Media Announcement Sets Stage for US CBDC Ban Without His Signature
Donald Trump's social media announcement that he would not sign the 21st Century ROAD to Housing Act, which includes a ban on a US CBDC until December 31, 2030, means the bill is likely to become law without his approval.
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Sources agree
- US housing bill includes provisions for US CBDC ban
Sources differ
- Trump does not sign the bill